From: "Tim" 
Newsgroups: uk.politics.misc uk.finance
Subject: Re: BBC's Business Correspondent says house prices are unsustainable and predicts a surge in repossessions.
Date: Thu, 23 Feb 2006 13:12:47 +0000 (UTC)

"Crowley" wrote
> Dear Prudence, please say I'm wrong over house prices
>
> By Jeff Randall (Filed: 22/02/2006)
> ...
> Well, figures from the Halifax suggest that the
> average British household has savings of £10,000.

OK, so some people have savings of £Nil, some have savings
of £10K, and others have savings of much more than £10K.

Those having just bought a house, ie having just paid
out a deposit, will tend to have the *lower* amounts.

Those just about to buy a house, ie after saving-up for a while
for a deposit, will tend to have the *higher* amounts (and after
they buy the house will become people with the lower amounts!).

"Crowley" wrote
> By Jeff Randall (Filed: 22/02/2006)
> ...
> So even if all of it is used as a deposit, my
> average couple still need to borrow £190,000 ...
> If I'm missing something here...

You forgot that the "average couple who is just about to buy a
house", will have -- on average -- **more** than £10K in savings!!